Early Day Motions

FINANCIAL ASSISTANCE SCHEME (No. 2)

EDM (Early Day Motion) 1901: tabled on 27 March 2006

Tabled in the 2005-06 session.

This motion has been signed by 24 Members. It has received 1 amendment.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Amendment to this motion

There has been an amendment submitted to this motion.

View details of the amendment

Motion text

That this House commends the Government for recognising the problem of occupational pension schemes in deficit by introducing the Pensions Protection Fund and the Financial Assistance Scheme (FAS); notes that the FAS has an initial budget of £400 million; suggests that because this sum is to be used for approximately 85,000 employees and former employees in over 160 schemes the fund will have a substantial shortfall; and calls on the Secretary of State for Work and Pensions to bring forward a final payment solution that will remedy the issue as soon as possible.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

Wyatt, Derek
Labour
Signed on 27 March 2006
Sittingbourne and Sheppey
Primary
Spink, Bob
Conservative
Signed on 28 March 2006
Castle Point
Durkan, Mark
Social Democratic & Labour Party
Signed on 28 March 2006
Foyle
Dobbin, Jim
Labour
Signed on 28 March 2006
Heywood and Middleton
Jones, Lynne
Labour
Signed on 28 March 2006
Birmingham, Selly Oak
Cryer, Mrs Ann
Labour
Signed on 28 March 2006
Keighley

In addition to the sponsors, the following Members have signed to support the motion.

Anderson, Janet
Labour
Signed on 3 May 2006
Rossendale and Darwen
Bottomley, Sir Peter
Conservative
Signed on 28 March 2006
Worthing West
Caton, Mr Martin
Labour
Signed on 29 March 2006
Gower
Cooper, Rosie
Labour
Signed on 4 May 2006
West Lancashire
Dean, Mrs Janet
Labour
Signed on 29 March 2006
Burton
Dismore, Mr Andrew
Labour
Signed on 29 March 2006
Hendon
Etherington, Bill
Labour
Signed on 18 April 2006
Sunderland North
Field, Mr Frank
Labour
Signed on 25 April 2006
Birkenhead
Flynn, Paul
Labour
Signed on 29 March 2006
Newport West
Goodwill, Mr Robert
Conservative
Signed on 18 April 2006
Scarborough and Whitby
Illsley, Mr Eric
Labour
Signed on 30 March 2006
Barnsley Central
Keetch, Mr Paul
Liberal Democrat
Signed on 20 April 2006
Hereford
Lazarowicz, Mark
Labour
Signed on 30 March 2006
Edinburgh North and Leith
McDonnell, Dr Alasdair
Social Democratic & Labour Party
Signed on 24 April 2006
Belfast South
Simpson, Alan
Labour
Signed on 18 April 2006
Nottingham South
Truswell, Mr Paul
Labour
Signed on 25 July 2006
Pudsey
Vis, Dr Rudi
Labour
Signed on 29 March 2006
Finchley and Golders Green
Williams, Mrs Betty
Labour
Signed on 30 March 2006
Conwy

There are no withdrawn signatures for this motion.

After a motion has been tabled, other Members can table amendments to it. Amendments to this motion are shown below.

FINANCIAL ASSISTANCE SCHEME (No. 2) (Amendment 1)
after `shortfall;', insert `notes that, taking into account the costs of compensation, the total cost of the scheme over a 60 year period would be £100 million per year net present value;'.
David Taylor
Labour, North West Leicestershire
3
signatures
EDM 1901A1: tabled on 28 March 2006